The euro ended the week just above $1.14, gaining 0.5% as the dollar weakened following disappointing US nonfarm payrolls. The US economy added only 57,000 jobs last month, far below expectations, while the unemployment rate unexpectedly fell to 4.2% as workers left the labor force. The euro’s advance was capped by softer Eurozone inflation and dovish comments from ECB President Christine Lagarde, which reduced expectations for a third ECB rate hike this year. Markets still favor a second hike as the most likely outcome. June data showed headline inflation slowing to 2.8% from 3.2% in May, below forecasts, while core inflation eased to 2.4%, also missing expectations. At the ECB’s Sintra Forum, Lagarde noted that risks to euro-area inflation and growth had diminished, citing lower energy price pressures from the US-Iran peace deal.
The EUR/USD exchange rate fell to 1.1424 on July 6, 2026, down 0.10% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.90%, and is down by 2.66% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on July 6 of 2026.
The EUR/USD exchange rate fell to 1.1424 on July 6, 2026, down 0.10% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.90%, and is down by 2.66% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.15 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.